The global recession has demonstrated that insurers' reliance on the capital markets to fund catastrophe risk can put them at financial risk, said the president of the Insurance Information Institute.

As global concern grows over an outbreak of the H1N1 flu, most U.S. companies remain unprepared to realistically deal with an outbreak, a Marsh insurance brokerage executive said.

Willis Group Holdings Ltd. said today that it plans to change its place of incorporation from Bermuda to Ireland and re-domesticate there.

Marsh & McLennan Companies said today that it has extended MMC President and Chief Executive Officer Brian Duperreault's $1 million a year base contract and bonus rate unchanged for an additional three years.

New York's newly proposed producer compensation disclosure regulations are unacceptable, and without changes legal action is a possibility, a leading agent association executive warned last week.

A large majority of insurance executives in the United Kingdom believe that if the government does not overhaul the tax system there will be a drop in the number of insurers based there, a trade group survey finds.

The chief executive of an independent agents group said his organization finds New York State's proposed producer compensation disclosure regulation unacceptable and without changes legal action is a possibility.

The decline in insurance prices is finally showing signs of hitting bottom, with commercial property and casualty premiums overall dropping an average of 5 percent last month--half the rate of one year ago, MarketScout's "barometer" survey found.